Globally, 2020s could be hottest decade on record

Last year was the second-hottest on record, after 2016, with every decade since the 1960s hotter than the last

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Iran will skimp to finance higher military spending

Heightened tensions with the United States are squeezing Tehran’s budget

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The gold price has surged over the last twelve months and the market is likely to hold onto its gains

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President Rodrigo Duterte says the government could take over water provision in the capital

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Latin American students continue to lag in international assessments, weighing on economic advancement

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There is little sign of the major economies pivoting from monetary policy and coordinating large fiscal packages

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Political and economic risks will remain high in 2020 amid regional tensions and global uncertainties

Graphic Analysis

The COP25 summit overran by two days, but still ended in disappointment

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The government has no clear plan to narrow the budget deficit, other than forecasting growth persisting at about 4%

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A new budget envisages major spending increases, but subsidy reform remains a tense issue

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